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[QUOTE="limyeeshin, post: 113803, member: 35099"] [B][U][CENTER][SIZE="5"][COLOR="Blue"]Edition 76|November 7, 2016[/COLOR][/SIZE][/CENTER][/U][/B] The U.S. dollar slid against other major currencies on Friday despite a solid October employment data as investors remained cautious ahead of the upcoming U.S. presidential election. Recent opinion polls have pointed to an increasing of uncertainty for the U.S. presidential elation, pressuring the greenback lower. The U.S. Labor Department reported that the economy has added 161,000 jobs in October for and average increase of 181,100 per month with unemployment rate ticking down to 4.9%. The Federal Reserve Vice Chairman Stanley Fischer said that the labor market has been strong this year despite a variety of negative shocks. The recovery continues to be powerful in terms of two main targets in terms of employment and close to full employment, indicating strength of dollar sentiment. The U.S. dollar slid 0.2% on Friday to 96.94 for the day, and fell 1.27% for the week against the basket of other major currencies. Nearby, Mexico’s peso jumped on Sunday after the FBI stood by a previous decision to not to charge against Democratic candidate Hillary Clinton for emails related to her private server. On Sunday, FBI Director James Comey said in a letter to Congress the agency had not changed its conclusions from July that no criminal charges were warranted against the presidential contender. CME-listed peso futures boosted as electronic trading kicked off on Sunday evening more than 2%, the highest contract since Oct 25. The U.S. Commodity Futures Trading Commission published on Friday that the hedge funds and other speculators had ratcheted up bets against the peso for the first time in a month last week. With just two days ahead of November 8 election, Comey’s decision gave a major boost to Clinton. The peso that had been hit by the rise of Republican candidate Donald Trump and his polices, turned back and extended its gains to 18.584, by rising 2.25 Japanese yen weakened sharply on Monday in Asia trading as save haven flows reversed following the news of FBI standing for its earlier decision for no criminal charges warranted for Democrat Clinton. Meanwhile in Japan, the Bank of Japan’s September meeting minute showed several board members want to push to drag inflation expectations up in a sustainable way. Also, Japan reported that average wages for September rose 0.2% as expected which is a first rise in two months, but much lower than the increase in corporate profits. As investors weighed more to the news for the FBI’s decision ahead of the presidential election, the safe haven yen reversed and USD/JPY pair changed hands at 104.06, up 0.94%. Elsewhere, AUD/USD eased 0.01% to 0.7674 after the release of downbeat construction data. Euro and sterling were higher against the dollar with EUR/USD trading at 1.1139, up 0.32% and GBP/USD gained 2.74% for the week. In the U.K., the High Court ruled Thursday that Prime Minister Theresa May must have parliament’s approval to trigger the Brexit process in Brussels. The ruling raised the uncertainty on the government’s pace for launching Brexit talks and surged the sterling. In the week ahead, investors will be focusing on the outcome of Tuesday’s U.S. presidential election. China’s trade and inflation data will also be closely watched for better indication over the strength of world’s second largest economy. [B][SIZE="4"][COLOR="RoyalBlue"]Weekly Events and Forecasts[/COLOR][/SIZE][/B] Ahead of the coming week, Solforex has compiled a list of these and other significant events likely to affect the markets. [B][U][COLOR="Red"]Monday, November 7[/COLOR][/U][/B] Bank of Japan is to release its September’s meeting minutes. Germany is to release data on factory orders. Euro zone is to report on retail sales. The U.K. is to publish data on house price inflation. [B][U][COLOR="Red"]Tuesday, November 8[/COLOR][/U][/B] China is to publish data on trade balance. Australia is to release data on business sentiment. Germany is to report on industrial production and release the trade balance. The U.K. is to produce data on manufacturing activity and industrial production. The U.S. is to release data on LMCI’s employment report. In the U.S., voting in the presidential election will take place. [B][U][COLOR="Red"]Wednesday, November 9[/COLOR][/U][/B] China is to release data on consumer and producer price inflation. Japan is to publish data on current account. The European Commissions is to publish the two-year economic forecasts for the euro zone. The U.S. is to produce data on mortgage applications and wholesale inventory. [B][U][COLOR="Red"]Thursday, November 10[/COLOR][/U][/B] The Reserve Bank of New Zealand is to announce its benchmark interest rate and publish a monetary policy statement. Japan is to publish data on core machinery orders. Australia is to report on housing loans. The U.S. is to release data on weekly initial jobless claims. Canada is to produce data on house price inflation. [B][U][COLOR="Red"]Friday, November 11[/COLOR][/U][/B] Japan is to publish data on producer price inflation. The U.S. is to release data from the University of Michigan for consumer sentiment and inflation expectations. The above schedule may change* (Mia Chung) [B][COLOR="Blue"]We offered White Label service. Kindly contact us at [email]yeeshin@solforex.com[/email] or [email]support@solforex.com[/email][/COLOR][/B] [/QUOTE]
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